In The News

Oshki-Gakeyaa Brings 24-Home Permanent Homes to Native Individuals and Families In MN

Development partners and Native American women in bright clothing cut a red ribbon

In November, the Minnesota Indian Women’s Resource Center (MIWRC) celebrated the grand opening of Oshki-Gakeyaa (“Oh-sh-key-Gah-key-yah”), meaning “New Way.”  The ribbon-cutting brought together community leaders, partners, and residents to mark completion of a new 24-home permanent supportive housing community in the East Phillips and Ventura Village neighborhoods of Minneapolis — a significant achievement in strengthening […]

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Bringing 211 New Units of Affordable & Permanent Supportive Housing to Brush Park MI 

Cinnaire staff and partners in hard hats with shovels at groundbreaking

The City of Detroit joined partners MHT Housing, Inc., Kirsten’s Touch, Inc. lead by Bishop Charles H. Ellis III, and Cinnaire to break ground on four new buildings that will bring 211 units of new affordable and permanent supportive housing to long-vacant land next to the historic Brewster Wheeler Recreation Center. Of the total units,

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$5.9 Million AHP Award Will Support Affordable Housing Developments in WI

Cinnaire staff and partners in hardhats shoveling dirt at groundbreaking

The Federal Home Loan Bank of Chicago (FHLBank Chicago) has awarded $5.9 million in Affordable Housing Program (AHP) General Fund subsidies to Cinnaire Lending to support the development of 137 affordable housing units across Wisconsin. These grants will help finance the acquisition and new construction of three projects in Manitowoc, Hudson, and Somerset—each designed to

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Cinnaire Team Brings Financial Literacy to Life at Junior Achievement’s Finance Park

Cinnaire team members recently joined Junior Achievement (JA) for an immersive volunteer day at JA Finance Park, an interactive program that gives students a firsthand look at managing personal finances. The experience helps middle and high school students step into “real life” adult roles, create monthly budgets, and make decisions around housing, transportation, utilities, groceries,

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Wellspring Apartments Breaks Ground in Southfield, Michigan

4 story apartment building with trees around it

Wellspring Apartments Breaks Ground in Southfield, Michigan 72-unit affordable housing community to provide permanent supportive housing for individuals and families in recovery. Community leaders, housing advocates, and public officials gathered in October to celebrate the groundbreaking of Wellspring Apartments, a new 72-unit affordable housing development in Southfield, Michigan, designed to serve individuals and families in

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Grand Opening Celebration for The McDaniel Apartments at Andy’s Place II

Andy’s Place Phase II expands nation-leading recovery housing model to support expectant families in recovery. Community leaders, recovery advocates, and public officials gathered in Jackson, Michigan, to celebrate the grand opening of The McDaniel Apartments at Andy’s Place II, a major expansion of Michigan’s first Permanent Recovery Supportive Housing (PRSH) initiative. The newly completed development

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Cinnaire Provides $38+ Million to Preserve Affordable Housing at Countryside Townhouses in Kentwood, MI

Graphic announcing funding for Coountryside Townhomes project

Cinnaire has announced the closing of a $12 million Low-Income Housing Tax Credit (LIHTC) equity investment as well as $23.5 million loan with their partners CPC Mortgage Company to support the preservation and rehabilitation of Countryside Townhouses, a 146-unit affordable housing community in Kentwood, Michigan. The financing package also included a nearly $3 million equity

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Cinnaire Equity Partners Announces Ryan Robinson Retirement; Josh Ghena Named Interim President

Cinnaire is pleased to announce that Josh Ghena has been named Interim President of Cinnaire Equity Partners. Josh succeeds Ryan Robinson, who will be retiring from his role as President on August 31, 2025 after an impactful career with Cinnaire.  Over the past decade, Josh Ghena has been a driving force within our Equity business

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Building Trust, Structuring Returns: The New Standard in LIHTC Investment

Investor appetite, evolving expectations and the importance of strong partnerships are reshaping the standards in LIHTC investment. In the latest Novogradac Journal of Tax Credits, Josh Ghena, Senior Vice President of Equity Management at Cinnaire, examines how trust, transparency and thoughtful structuring are driving today’s investor engagement strategies. The article includes perspectives from Mark McDaniel,

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Latest Michigan Future Business Index Shows Economic Outlook Weakening Amid Rising Concerns Over Tariffs and Inflation

According to the latest Michigan Future Business Index (MFBI) survey, conducted among 644 small to medium-sized businesses statewide (with 514 completing the survey), concerns over inflation and tariffs are on the rise, while optimism about the economy and business growth is fading. The once-upward trajectory in key performance indicators such as sales, profits, hiring, wages,

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